Price for Protein; Concentrates and Textured Protein Substances in Spain - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Spain (CIF) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Spain (FOB) - 2022
- Imports of Protein; Concentrates and Textured Protein Substances in Spain
- Exports of Protein; Concentrates and Textured Protein Substances in Spain
Price for Protein; Concentrates and Textured Protein Substances in Spain (CIF) - 2024
In March 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $6,329 per ton, reducing by -8.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2024 an increase of 58% against the previous month. As a result, import price reached the peak level of $6,900 per ton, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($17,013 per ton), while the price for Argentina ($1,012 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Spain (FOB) - 2022
The average export price for protein; concentrates and textured protein substanceses stood at $6,891 per ton in 2022, shrinking by -1.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2020 an increase of 28% against the previous year. Over the period under review, the average export prices hit record highs at $7,017 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($11,064 per ton), while the average price for exports to Sweden ($3,662 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Spain
In 2022, imports of protein; concentrates and textured protein substanceses into Spain declined to 24K tons, falling by -7.7% compared with 2021. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 1.6% against the previous year.
In value terms, imports of protein; concentrates and textured protein substanceses rose modestly to $129M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Protein; Concentrates and Textured Protein Substances in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 27.2 | 31.1 | 40.0 | 37.9 | 11.7% |
| France | 18.8 | 17.1 | 18.1 | 19.9 | 1.9% |
| Germany | 4.6 | 8.0 | 8.7 | 7.5 | 17.7% |
| United States | 6.5 | 5.1 | 4.0 | 6.4 | -0.5% |
| Serbia | 3.0 | 3.2 | 3.9 | 4.7 | 16.1% |
| Belgium | 4.9 | 6.1 | 6.2 | 4.7 | -1.4% |
| Italy | 8.0 | 5.4 | 7.0 | 4.2 | -19.3% |
| Denmark | 3.3 | 2.6 | 3.0 | 2.7 | -6.5% |
| Others | 23.3 | 27.3 | 35.6 | 40.5 | 20.2% |
| Total | 99.6 | 106 | 127 | 129 | 9.0% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Spain in 2022:
- Netherlands (5.6K tons)
- France (3.2K tons)
- Serbia (2.7K tons)
- United States (2.5K tons)
- Germany (2.3K tons)
- Belgium (2.0K tons)
- Denmark (1.2K tons)
- Italy (0.7K tons)
Exports of Protein; Concentrates and Textured Protein Substances in Spain
In 2022, exports of protein; concentrates and textured protein substanceses from Spain expanded remarkably to 13K tons, increasing by 7% on the year before. The total export volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 13%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of protein; concentrates and textured protein substanceses expanded notably to $92M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Protein; Concentrates and Textured Protein Substances in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.3 | 6.8 | 10.0 | 14.9 | 41.1% |
| Portugal | 4.7 | 5.7 | 6.2 | 10.3 | 29.9% |
| Italy | 4.3 | 6.7 | 9.8 | 9.7 | 31.1% |
| Senegal | 2.7 | 4.4 | 4.8 | 5.2 | 24.4% |
| Germany | 4.6 | 6.4 | 5.7 | 5.0 | 2.8% |
| Andorra | 4.6 | 4.0 | 4.3 | 4.7 | 0.7% |
| United Kingdom | 5.5 | 8.1 | 6.1 | 4.6 | -5.8% |
| Belgium | 2.2 | 4.7 | 6.1 | 4.2 | 24.1% |
| Netherlands | 0.3 | 0.6 | 1.2 | 2.4 | 100.0% |
| Colombia | 1.9 | 1.9 | 2.5 | 2.2 | 5.0% |
| Poland | 1.8 | 1.5 | 1.5 | 2.0 | 3.6% |
| Greece | 0.3 | 1.3 | 2.3 | 1.6 | 74.7% |
| Sweden | 0.5 | 1.6 | 1.2 | 1.0 | 26.0% |
| Others | 15.7 | 24.8 | 26.0 | 24.3 | 15.7% |
| Total | 54.3 | 78.6 | 87.7 | 92.1 | 19.3% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Spain in 2022:
- France (2210.3 tons)
- Portugal (2199.0 tons)
- Italy (1251.6 tons)
- Belgium (1029.8 tons)
- Senegal (880.0 tons)
- United Kingdom (775.3 tons)
- Colombia (575.9 tons)
- Andorra (458.1 tons)
- Germany (452.3 tons)
- Netherlands (358.9 tons)
- Sweden (275.5 tons)
- Poland (259.5 tons)
- Greece (230.8 tons)
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